Yesterday
BHP runs down the clock on $64b Anglo American dream
It is a week since Anglo American rejected an improved takeover bid from BHP, but as a deal deadline approaches, the target and its suitor are steadfast on their own terms.
- Peter Ker
- Opinion
- Chanticleer
Star bidders need to answer one big question
That the stricken Star would attract potential bidders is no surprise. But there’s one question buyers will struggle to answer.
- James Thomson
AMCI launches $47.4m block trade in Jupiter Mines; taps Barrenjoey
AMCI was willing to part with about 7.4 per cent of the company currently under its ownership at 32.5¢ a share, or an 8.5 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Incitec’s Indonesian suitor has investors brushing up on Cooper’s woes
Indonesian state-owned businesses have not traditionally been major investors in Australia. When they have invested, it has not always turned out well.
- Sarah Thompson, Kanika Sood and Emma Rapaport
TPG Capital wines and dines LPs ahead of Novotech exit
We imagine TPG’s LPs would be pushing to get answers on two of the firm’s biggest investments Down Under: Greencross and Novotech.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Victa lawnmower brand hits the block via 333 Capital
US-based Briggs & Stratton is seeking to exit the region, carving out its Australasia division in a sale led by 333 Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Mystery suitor for Kiwi honey producer Comvita revealed
CVC’s interest in Comvita comes during a busy time for investors in the premium honey sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Adamantem Capital doubles down on Environmental Opportunities Fund
Edge Zero, led by former Energy Australia boss Richard McIndoe, is on track to deliver $15 million to $20 million EBITDA in the 2025 financial year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Star shares surge after casino confirms Hard Rock interest
The company has “received inbound interest” from several parties even as it faces the loss of its lucrative Sydney gaming licence.
- Zoe Samios
- Opinion
- Chanticleer
The $64b question at the heart of Mike Henry’s biggest test
Key BHP investors including AFIC are supportive of the mining giant lifting its bid for Anglo American. But the question is: how much?
- James Thomson
- Exclusive
- CEFC
Government-backed green tech firm goes broke, gets acquired for $5m
Scipher Technologies, an e-waste processor that the government invested $15 million in, has been bought for $5 million after it entered administration in March.
- Paul Smith
- Analysis
- Mining
Inside Anglo American’s rushed break-up plan
Some of the most senior executives at Anglo American were caught off-guard by Duncan Wanblad’s spectacular break-up plan. Even the CEO himself.
- Updated
- Peter Ker
Costa family-backed GO.FARM seeks $300m for new agricultural fund
Stressed assets – either from receivership or family dynamics – is where the firm has harvested nearly a third of its 100-plus deals since its founding in 2013.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
- Analysis
- Due diligence
ARN Media’s M&A record holds out for elusive win
After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.
- Jemima Whyte
AirTrunk’s bankers delay NBIOs; new DD materials on the way
AirTrunk’s sell-side advisers informed potential bidders late last week that the $600 million-a-year business is expecting to ink new client contracts in the near term.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Chapman fields calls for in-play Queensland electricity provider LPE
The embattled Sunshine Coast-based business has called in Chapman Capital Partners and King & Wood Mallesons to mount a defence.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Why a rubbish collector is the ASX’s most vulnerable big company
Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.
- Updated
- Anthony Macdonald
Rothschild, Cameron Partners seek buyers for Nestle’s Egmont Honey
The bankers have been spruiking Egmont Honey as “the fastest growing manuka company globally” in a 10-page deck.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Quadrant puts Rocklea Road maker Darrell Lea on the block
Advisers UBS and Gilbert + Tobin are expected to market the business based on a $70 million earnings figure.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Brookfield in advanced talks to buy Twiggy-backed Windlab
Both shareholders are active investors in renewables and keen to show it’s possible to make a motza in green energy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
